‘They undermine public trust in honest tax advisers, and can expose themselves and their clients to significant penalties and potential criminal sanctions.

‘This case is also a call to action, for those practitioners involved in tax avoidance or evasion schemes to review their circumstances and those of their clients, and ensure full disclosure to the TPB and to the ATO,’ he said.

‘Our combined efforts have resulted in an outcome which demonstrates our shared commitment to safeguard the ethics of the tax profession.’

About the Tax Practitioners Board:

The Tax Practitioners Board regulates tax practitioners in order to protect consumers. The TPB aims to assure the community that tax practitioners meet appropriate standards of professional and ethical conduct. Follow us on Twitter @TPB_gov_auandLinkedIn